(Learning Objective 4: Using ratio data to evaluate operations) Mountain Company made sales of $35,482 million during 20X6. Cost of goods sold for the year totaled $15,333 million. At the end of 20X5, Mountain’s inventory stood at $1,641 million, and Mountain ended 20X6 with inventory of $1,945 million.

Compute Mountain’s gross profi t percentage and rate of inventory turnover for 20X6.